Cloud computing is changing IT

Many industry analysts predict that the cloud market is going to go nowhere but up in the next couple of years. In fact, according to a Hartford Business Journal report, the technology will likely generate around $250 billion in revenue by 2016 as more than half of larger corporations implement cloud storage solutions.

"[Cloud computing] has changed the way IT is driven because it is no longer necessary for a company to purchase IT assets, such as traditional hardware and software systems," industry expert Christopher Luise said, according to the Journal. "They are now able to eliminate expensive hardware, maintenance, and labor in exchange for a single cloud provider who bills them only for the services used."

One of the concerns of migrating IT to cloud servers, however, is availability. To minimize access limitations, businesses should focus on network reliability, scalability and the ability to add bandwidth when necessary, the Journal reported.

According to a study by Market Research Media, the global cloud computing market is expected to expand at a compound annual growth rate of 30 percent through 2020.

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